# Trump’s Dollar Dominance Strategy: Venezuela, Iran and Russia

- Original post: https://www.twitter.com/i/status/2069766050334314638
- Source account: [@Breaking911](https://x.com/Breaking911)
- Source language: English
- Duration: 1:30
- Published: 2026-06-24
- Canonical URL: https://www.translate.mom/transcript/105bdrECuIpl/en/trump-s-dollar-dominance-strategy-venezuela-iran-and-russia

## Transcript

[0:00](https://www.translate.mom/transcript/105bdrECuIpl/en/trump-s-dollar-dominance-strategy-venezuela-iran-and-russia) Dollar dominance is essential in everything President Trump is doing here.

[0:04](https://www.translate.mom/transcript/105bdrECuIpl/en/trump-s-dollar-dominance-strategy-venezuela-iran-and-russia?t=4) If you look, the new Venezuela is invoicing in dollars.

[0:11](https://www.translate.mom/transcript/105bdrECuIpl/en/trump-s-dollar-dominance-strategy-venezuela-iran-and-russia?t=11) They're coming back onto the dollar system.

[0:13](https://www.translate.mom/transcript/105bdrECuIpl/en/trump-s-dollar-dominance-strategy-venezuela-iran-and-russia?t=13) They've been sanctioned. They were not allowed to translate or to transact in dollars.

[0:18](https://www.translate.mom/transcript/105bdrECuIpl/en/trump-s-dollar-dominance-strategy-venezuela-iran-and-russia?t=18) And now the dollar is going to be the centerpiece of their trade.

[0:24](https://www.translate.mom/transcript/105bdrECuIpl/en/trump-s-dollar-dominance-strategy-venezuela-iran-and-russia?t=24) They were selling discounted oil to China and not getting dollars.

[0:29](https://www.translate.mom/transcript/105bdrECuIpl/en/trump-s-dollar-dominance-strategy-venezuela-iran-and-russia?t=29) We're seeing in the Iranian negotiations, the Iranians will be invoicing in dollars.

[0:37](https://www.translate.mom/transcript/105bdrECuIpl/en/trump-s-dollar-dominance-strategy-venezuela-iran-and-russia?t=37) So everything we are doing is pushing the dollar back.

[0:41](https://www.translate.mom/transcript/105bdrECuIpl/en/trump-s-dollar-dominance-strategy-venezuela-iran-and-russia?t=41) It's never left as the centerpiece for the global currency system, but we're reinforcing it.

[0:47](https://www.translate.mom/transcript/105bdrECuIpl/en/trump-s-dollar-dominance-strategy-venezuela-iran-and-russia?t=47) You know, I would anticipate when the Russia-Ukraine conflict ends, that Russia will want to come back in the dollar system because, again, the dollar, it's our liquidity, it's our capital markets, it's the depth and breadth.

[1:04](https://www.translate.mom/transcript/105bdrECuIpl/en/trump-s-dollar-dominance-strategy-venezuela-iran-and-russia?t=64) Everyone wants to be here. And I think many times, the great thing about the United States is we course correct when we go too far one way or the other.

[1:13](https://www.translate.mom/transcript/105bdrECuIpl/en/trump-s-dollar-dominance-strategy-venezuela-iran-and-russia?t=73) And I think we should not be shy about flexing where we have advantages and where we have disadvantages on those who are not aligned with us.